-
Taking Over
France took territories east of Mekong River into French Indochina via treaty with Thailand. -
Independence
Laos gained full independence as a constitutional state. -
Destroy
The U.S conducted extensive aerial bombardment of Laos trying to destroy North Vietnamese sanctuaries and supply mines on Ho Chi Minh Trail. -
Agreement
Cease fire agreement in Vientiane divided Laos between communists and royalists. -
Political Parties
King Savang Vatthana of Laos abdicated the throne, the Lao People's Democratic Republic was established as the only political party. -
Money
Laos joined the Association of Southeast Asian Nations and A financial crisis in Asia decimated the value of Lao kip currency, plunged half its prior value. -
Economic stability
International Monetary Fund approved a loan for 40 million dollars to help strengthen economic stability and reduce poverty. -
Caught
Over 400 members of the Hmong ethnic group emerged from jungle hideouts and surrendered to authorities. -
Corrupt
Transparency International ranked Laos as one of the most corrupt countries in the world. -
WTO
Laos opened its first stock exchange and Laos won approval to join the World Trade Organization.
